Capitol Wrestling Corporation
Private | |
Industry | Professional wrestling Professional boxing |
---|---|
Founded | January 7, 1953[1] |
Founders | Jess McMahon or Vincent J. McMahon |
Defunct | 1982 |
Fate | Acquired |
Successor | Titan Sports, Inc. |
Headquarters | , United States |
Area served | Northeastern United States |
Owner | Vincent J. McMahon |
Capitol Wrestling Corporation (CWC) was an American sports promotion company. Run by Vincent J. McMahon from the 1950s until the 1980s, the company was originally a professional wrestling and boxing promotion and later became the holding company for the World Wide Wrestling Federation (WWWF), later the World Wrestling Federation (WWF). In 1982, the CWC was acquired by Titan Sports, Inc., owned by Vincent J.'s son Vincent K. McMahon. The CWC was the precursor to today's WWE, currently run by Nick Khan as president and owned by TKO Group Holdings.
History
Early history (1953–1963)
On January 7, 1953, the first show under the Capitol Wrestling Corporation (CWC) banner was produced. It is not certain who the founder of the CWC was. Some sources state that it was Jess' son Vincent J. McMahon[1][2][3] while other sources (including the website of the CWC's successor, WWE) credit Jess himself as the founder of the CWC.[4][5][6] Shortly after its founding, the CWC joined the National Wrestling Alliance (NWA) and Mondt soon after joined the CWC. Together, Vincent J. McMahon and Toots Mondt were very successful and controlled approximately 70% of the NWA board's booking decisions, largely due to their dominance in the heavily populated northeastern United States.
World Wide Wrestling Federation (1963–1979)
In early 1963, the CWC pulled out of the NWA and transformed into the World Wide Wrestling Federation (WWWF), the precursor to current-day
The WWWF operated in a conservative manner compared to other wrestling promotions of its time;[8] it ran its major arenas monthly rather than weekly or bi-weekly, usually featuring a babyface champion wrestling various heels in programs that consisted of one to three matches.[9] After gaining a television deal and turning the well-known tag team wrestler Lou Albano into a manager for Sammartino's heel opponents, the WWWF began doing sell out business and, by 1970, became one of the largest promotions of wrestling's territorial era.
After disagreements over television deals which were compounded by issues caused by his
Rebranding and sale to Titan Sports (1979–1982)
By March 1979, for marketing purposes, the World Wide Wrestling Federation was renamed the World Wrestling Federation (WWF).[10] The following year, Vincent J. McMahon's son, Vincent K. McMahon, founded Titan Sports, Inc., which incorporated on February 21, 1980, originally in Massachusetts.[11][12] Vincent K. McMahon had served as a ring announcer and commentator for WWWF television programs since 1969. Beginning in 1971, he began promoting events for his father in isolated regions of the WWWF territory, primarily in Maine.
In 1982, Titan Sports, Inc. acquired Capitol Wrestling Corporation Ltd., effectively relocating its headquarters from New York City to Greenwich, Connecticut. At the annual meeting of the NWA in 1983, the McMahons and WWF employee Jim Barnett all withdrew from the organization.[7] In 1984, in an attempt to make the WWF the premier wrestling promotion in the world, McMahon began a national (and later international) expansion that fundamentally changed the wrestling industry and brought an end to its territorial era.[13] By 1985, Titan Sports moved its headquarters to Titan Towers in Stamford, Connecticut and, in 1987, reincorporated itself under Delaware General Corporation Law. Titan Sports later changed its name to World Wrestling Federation Entertainment, Inc. in 1999, and World Wrestling Entertainment, Inc. (WWE) in 2002.[14] Vincent J. McMahon would not live to see his company transform from a territorial Northeast-based wrestling promotion into a worldwide entertainment organization. He died from pancreatic cancer at 69 years old on May 24, 1984.[15]
Legacy
In October 2020, WWE's NXT brand introduced the "Capitol Wrestling Center", a new home studio in Orlando, Florida within the WWE Performance Center training facility, which was named as a tribute to the CWC.[16]
See also
- List of independent wrestling promotions in the United States
- List of National Wrestling Alliance territories
References
- ^ a b Hornbaker, Tim (2015). Capitol Revolution: The Rise of the McMahon Wrestling Empire. p. 117. ASIN 1770411240.
He inaugurated his promotion on January 7, 1952, [...].
- ^ Solomon, Brian (2006). WWE Legends. p. 6. ASIN 0743490339.
McMahon formed a company he called the Capitol Wrestling Corporation, and presented his first regular wrestling show under the Capitol banner on January 7, 1953
- ISBN 978-1465453136.)
On January 7, 1953, he put on the first-ever Capitol Wrestling Corporation event
{{cite book}}
: CS1 maint: multiple names: authors list (link - ^ "Vincent J. McMahon". WWE. Retrieved September 23, 2023.
From the time Vince, Sr. took over Capitol Wrestling Corporation from his father, the company continued to flourish in the northeastern United States.
- ISBN 978-1439188132.
- ISBN 0671036742.
- ^ a b "Wrestling Observer Newsletter (July 20, 2011)". Wrestling Observer Newsletter. July 20, 2011.
- ^ "Wrestling Territories". Freakin' Awesome Network Forums. Retrieved March 25, 2012.
- ^ "Wrestling Observer Newsletter (June 3, 1991)". Wrestling Observer Newsletter. June 3, 1991.
- ISBN 978-1-55022-741-3.
- ^ "Titan Sports, Inc. V. Comics World Corp". Leagle.com. Retrieved June 24, 2014.
- ISBN 978-1-55022-741-3.
- ^ Johnson, William (March 25, 1991). "Wrestling With Success". Sports Illustrated. Retrieved April 20, 2014.
- ^ "The New WWE". World Wrestling Entertainment. April 7, 2011. Archived from the original on 2011-04-10. Retrieved April 8, 2011.
- ^ "Vince McMahon Sr". World Wrestling Entertainment. Retrieved March 31, 2011.
- ^ Barrasso, Justin (October 4, 2020). "NXT Unveiling the Capitol Wrestling Center at Sunday's TakeOver 31". Sports Illustrated. Retrieved October 30, 2020.